What is the JioCoin Cryptocurrency? Know Everything About JioCoin

JioCoin cryptocurrency is a new digital token currency backed by Reliance JIO, an Indian conglomerate group. JioCoin crypto is in the headlines due to its collaboration with Polygon Labs.

However, there has been no official announcement about JioCoin from Reliance Jio or Reliance Industries. The sources said that the JioCoin cryptocurrency has yet to be officially launched.

JioCoin crypto token comes into picture when users notice an addition of a new token in JioSphere web browser backed by Reliance Jio.

As per the media sources, JioCoin is the blockchain-based tokens awarded to the users. So, that they can engage with different mobile or internet based apps decided by Jio Platforms Limited.

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JioCoin in JioSphere Web Browser

JioCoin is available in the JioSphere web browser which is managed by Reliance Jio. JioSphere web browser users noticed the addition of JioCoin, a digital crypto token based on Ethereum Layer 2, presently listed on Polygon Labs.

As per media sources many JioSphere users, both on Android and iOS devices, have begun to notice JioCoin on their smartphones.

How Users Can Get a JioCoin?

Users can get JioCoin by engaging with various Jio apps, users can earn Web3 tokens, which will be deposited into their wallets. The value of the Jiocoin will depend on user engagement. This suggests that apps like MyJio, JioCinema, and more might soon support JioCoin.

As per information available in JioSphere, users can earn JioCoin for free by surfing the internet on the JioSphere web browser. These coins can be accumulated in the Polygon Labs wallet.

What is Polygon Labs?

Polygon Labs is the leading blockchain development company, and is a team behind polygon. A popular Ethereum Layer 2 scaling solution designed to improve the blockchain speed, reduce transaction cost and enhance scalability.

The aim of polygon labs is to make blockchain more efficient, scalable and user friendly.

Companies like Disney, Reddit, Nike and Starbucks have used Polygon for Web3 projects. Now, Reliance Jio collaboration with Polygon is giving another new project to Polygon.

Conclusion

JioCoin cryptocurrency is a new digital token currency backed by Reliance JIO. Reliance collaborated with Polygon to enter into the cryptocurrency world.

JioCoin is available in the JioSphere web browser which is managed by Reliance Jio. JioSphere web browser users noticed the addition of JioCoin, a digital crypto token based on Ethereum Layer 2, presently listed on Polygon Labs.

As per information available in JioSphere, users can earn JioCoin for free by surfing the internet on the JioSphere web browser. These coins can be accumulated in the Polygon Labs wallet.

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